Sendas Distribuidora S.A. (NYSE:ASAI – Get Rating) hit a new 52-week high during trading on Tuesday . The stock traded as high as $20.55 and last traded at $20.50, with a volume of 147995 shares trading hands. The stock had previously closed at $19.45.
Sendas Distribuidora Stock Up 5.4 %
The company has a debt-to-equity ratio of 5.10, a quick ratio of 0.46 and a current ratio of 0.91. The firm's 50 day simple moving average is $18.59 and its 200 day simple moving average is $17.58.
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Sendas Distribuidora Cuts Dividend
The firm also recently disclosed a Variable dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, December 30th.
Hedge Funds Weigh In On Sendas Distribuidora
Several large investors have recently made changes to their positions in the company. Amundi lifted its stake in shares of Sendas Distribuidora by 1.6% in the 2nd quarter. Amundi now owns 483,533 shares of the company's stock valued at $6,793,000 after purchasing an additional 7,554 shares during the period. UBS Group AG lifted its stake in shares of Sendas Distribuidora by 25.5% in the 1st quarter. UBS Group AG now owns 345,455 shares of the company's stock valued at $5,935,000 after purchasing an additional 70,167 shares during the period. Renaissance Technologies LLC raised its position in Sendas Distribuidora by 45.1% during the second quarter. Renaissance Technologies LLC now owns 293,700 shares of the company's stock worth $3,991,000 after acquiring an additional 91,300 shares during the period. State Street Corp raised its position in Sendas Distribuidora by 5.7% during the first quarter. State Street Corp now owns 282,039 shares of the company's stock worth $4,845,000 after acquiring an additional 15,125 shares during the period. Finally, Optiver Holding B.V. acquired a new position in Sendas Distribuidora during the second quarter worth $2,699,000. 4.45% of the stock is currently owned by institutional investors and hedge funds.
Sendas Distribuidora Company Profile
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Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. As of March 31, 2022, the company operated 216 stores under the Assaí banner, as well as 13 distribution centers. It serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.
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